NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Cimarex Energy Co. (NYSE: XEC) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Cabot Oil & Gas Corporation (NYSE: COG).
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On May 24, 2021, Cimarex announced that it had signed an agreement to be acquired by Cabot Oil & Gas in an all-stock transaction. Pursuant to the merger agreement, Cimarex stockholders will receive 4.0146 shares of Cabot Oil & Gas common stock for each share of Cimarex common stock owned. The deal is scheduled to close in the fourth quarter of 2021.
Bragar Eagel & Squire is concerned that Cimarex’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Cimarex’s stockholders.
If you own shares of Cimarex and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.